Internal Control Audit and Accounting Reviews

Small Businesses have a difficult time implementing internal controls that require segregation of duties.  Mainly because of the additional costs to hire multiple employees to separate job functions.  We can complete a full internal control audit and accounting review which includes setting up a  customized internal control system for your small business using Vitalics which is specifically designed for the small business industry.  Vitalics is a specific software system that is provided to the client and includes over 140 forms and checklist, accountability and a solution to the lack of segregation of duties for the small business industries day to day bookkeeping.

There are two different options in setting up a customized internal control program.

Customized Internal Control Program

Complete Internal Control Audit – Fraud Risk Assessment and Control Program Set-up

  • Complete business risk assessment and analysis of current controls in place
  • Review accounting records and data over a specified period of time
  • Create financial ratios and analysis comparisons
  • Write audit report and findings with recommendations
  • Write internal control procedures and set up Vitalics internal control system based upon those findings
  • Meet with owners / board regarding findings and procedures
  • Train employees on how to follow controls and use system
  •  Full access to computer system, accounting data and interviewing key personnel and owners are required

Basic Internal Control Set-up

This service option is more affordable if your budget won’t allow for a full internal control audit

  • Complete business risk assessment and analysis of current controls in place
  • Write internal control system and procedures
  • Set-up and customize Vitalics to your business
  • Train employees on how to follow controls and use system

Continued Internal Control Review and Maintenance

  • Monthly, Bi-Monthly, Quarterly, Semi-Annual or Annual review of your business financial activity
  • On-site or Remote access available
  • Review financial reports
  • Review all accounting departments data
  • Review all banking, credit and loan accounts
  • Review assets
  • Review tax returns
  • Create ratios and analysis
  • Write findings
  • Meet with owners / board

Reduce your fraud risks with an internal control audit and review